‘There’s no stopping it,’ warns Ron Paul: A ‘calamity’ could cut this market in half
Posted by freedomforall 7 years, 1 month ago to Business
“The correction is going to be huge, and I don’t think anybody can predict, but I think this correction we had in ‘08 and ‘09 wasn’t allowed to really go its course and restore some sensibility to the market,” he explained to CNBC. “I think that’ll be a mild correction to what could happen.”
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Oh, and everybody sucks at market predictions...haha. All we can do is identify what's happening (or try to), apply a little history, pay attention to current affairs, and hope a black swan doesn't show. Media is full of articles and interviews of experts calling for this or that...
I find people spend more time saving a couple hundred bucks buying a car than the due understanding the investments they make.
It's nice to have a pro-American, Pro-American business President in office.
I see nothing at all. I have a lousy track record with stocks. My masters is in pulling weak signals out of electronic noise and I follow the markets casually, but I suck at market predictions. I can't even guess what you might be seeing, much less if it's correlated with any world events. It looks like a slow structure creation of value over the decades plus a lot of AWGN to me.
Politicians move the needle a lot. Especially with marginally-legal public statements. They have their buddies short a stock then put out a public statement about some company's pricing/greed, or question their accounting practices, or (in the case of the cankled one) even threaten to investigate the company.
You can tell more about the outcome outlook from things like shipping companies # of overnight shipment or Caterpiller's orders for machinery. Politicians hardly move the needle.
Now after10,000 points higher his prediction stays the same. Even a blind squirrel finds an acorn over time. The regulations Trump has eased and the corp tax rate slashed provides for greater cash flow and a much more competitive position for US companies. Don't forget the country is not being sold out any longer. The storm is on the corrupt
And FINALY we have a pro American Pres. With more working and not sucking from the teet of entitlements the deficit can be attacked. Bush and Obamas spending created the
Huge deficit it maybe too large to have a soft landing but I like Trumps approach much better than His predecessors.
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